Intellect Neurosciences Inc. (fka ILNS)

[wEaReLeGiOn]

(RED ALERT) Another reverse ILNS stock split. Insider compensation of Six Million shares AFTER THE REVERSE SPLIT.

http://ih.advfn.com/p.php?pid=nmona&article=64234054

At the Special Meeting, you will be asked to consider the following proposals:


1. To approve an amendment to our Certificate of Incorporation to effect a reverse stock split (the “Reverse Stock Split”) of our issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), by a ratio of two hundred and fifty for one (250-for-1) such that each two hundred and fifty (250) shares of Common Stock will be combined into one (1) share of Common Stock at any time prior to December 31, 2014, with fractional shares being rounded-up to the nearest whole number;


2. To approve an amendment of the Company’s 2006 Equity Incentive Plan to add 6,000,000 shares to such plan (on a post Reverse Stock Split basis);


3. To approve, on an advisory basis, the compensation of the Company’s named executive officers; and


4. To recommend, on an advisory basis, a three-year frequency with which the Company should conduct future stockholder advisory votes on named executive officer compensation.